GAM vs. VIG
Compare and contrast key facts about General American Investors Company, Inc. (GAM) and Vanguard Dividend Appreciation ETF (VIG).
VIG is a passively managed fund by Vanguard that tracks the performance of the NASDAQ US Dividend Achievers Select Index. It was launched on Apr 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GAM or VIG.
Key characteristics
| GAM | VIG | |
|---|---|---|
| YTD Return | 27.26% | 19.89% |
| 1Y Return | 32.19% | 29.26% |
| 3Y Return (Ann) | 15.72% | 8.48% |
| 5Y Return (Ann) | 15.33% | 12.86% |
| 10Y Return (Ann) | 10.09% | 11.90% |
| Sharpe Ratio | 3.02 | 2.92 |
| Sortino Ratio | 3.97 | 4.10 |
| Omega Ratio | 1.56 | 1.54 |
| Calmar Ratio | 4.86 | 5.73 |
| Martin Ratio | 22.87 | 19.13 |
| Ulcer Index | 1.63% | 1.52% |
| Daily Std Dev | 12.34% | 9.98% |
| Max Drawdown | -66.66% | -46.81% |
| Current Drawdown | -0.89% | -0.73% |
Correlation
The correlation between GAM and VIG is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GAM vs. VIG - Performance Comparison
In the year-to-date period, GAM achieves a 27.26% return, which is significantly higher than VIG's 19.89% return. Over the past 10 years, GAM has underperformed VIG with an annualized return of 10.09%, while VIG has yielded a comparatively higher 11.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GAM vs. VIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for General American Investors Company, Inc. (GAM) and Vanguard Dividend Appreciation ETF (VIG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
GAM vs. VIG - Dividend Comparison
GAM has not paid dividends to shareholders, while VIG's dividend yield for the trailing twelve months is around 1.70%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAM General American Investors Company, Inc. | 0.00% | 6.17% | 9.32% | 7.42% | 0.62% | 0.98% | 9.67% | 1.98% | 10.20% | 1.06% | 10.00% | 5.97% |
VIG Vanguard Dividend Appreciation ETF | 1.70% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% | 1.95% | 1.84% |
Drawdowns
GAM vs. VIG - Drawdown Comparison
The maximum GAM drawdown since its inception was -66.66%, which is greater than VIG's maximum drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for GAM and VIG. For additional features, visit the drawdowns tool.
Volatility
GAM vs. VIG - Volatility Comparison
General American Investors Company, Inc. (GAM) has a higher volatility of 3.94% compared to Vanguard Dividend Appreciation ETF (VIG) at 3.49%. This indicates that GAM's price experiences larger fluctuations and is considered to be riskier than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.